| |
|
|
|
|
|
|
|
|
| Real GDP |
1.258*** |
1.259*** |
1.304*** |
1.302*** |
1.205*** |
1.207*** |
1.250*** |
1.253*** |
|
(0.128) |
(0.128) |
(0.126) |
(0.126) |
(0.128) |
(0.128) |
(0.123) |
(0.123) |
| Trade Openness |
0.145*** |
0.136*** |
0.119*** |
0.106*** |
0.156*** |
0.153*** |
0.157*** |
0.154*** |
|
(0.042) |
(0.042) |
(0.038) |
(0.040) |
(0.039) |
(0.039) |
(0.038) |
(0.038) |
| Urbanisation Growth |
0.298*** |
0.314*** |
0.297*** |
0.297*** |
0.314*** |
0.320*** |
0.292*** |
0.301*** |
|
(0.048) |
(0.050) |
(0.047) |
(0.046) |
(0.048) |
(0.048) |
(0.046) |
(0.047) |
| Energy Intensity |
1.123*** |
1.500*** |
1.248*** |
0.785* |
0.942*** |
0.594 |
0.919*** |
1.274*** |
|
(0.225) |
(0.384) |
(0.226) |
(0.423) |
(0.240) |
(0.478) |
(0.230) |
(0.431) |
| Renewable Energy |
-0.059* |
-0.050 |
-0.054 |
-0.065* |
-0.046 |
-0.046 |
-0.057* |
-0.042 |
|
(0.035) |
(0.036) |
(0.033) |
(0.034) |
(0.034) |
(0.034) |
(0.033) |
(0.036) |
| Control of Corruption |
-0.018 |
0.236 |
|
|
|
|
|
|
|
(0.042) |
(0.213) |
|
|
|
|
|
|
| Energy intensity X Control of Corruption |
|
-0.139 |
|
|
|
|
|
|
|
|
(0.115) |
|
|
|
|
|
|
| Gov. Effectiveness |
|
|
0.151** |
-0.178 |
|
|
|
|
|
|
|
(0.065) |
(0.262) |
|
|
|
|
| Energy Intensity X Gov. Effectiveness |
|
|
|
0.174 |
|
|
|
|
|
|
|
|
(0.135) |
|
|
|
|
| Regulatory Quality |
|
|
|
|
-0.134* |
-0.362 |
|
|
|
|
|
|
|
(0.073) |
(0.280) |
|
|
| Energy Intensity X Regulatory Quality |
|
|
|
|
|
0.122 |
|
|
|
|
|
|
|
|
(0.145) |
|
|
| Rule of Law |
|
|
|
|
|
|
-0.150** |
0.097 |
|
|
|
|
|
|
|
(0.057) |
(0.260) |
| Energy Intensity X Rule of Law |
|
|
|
|
|
|
|
-0.123 |
|
|
|
|
|
|
|
|
(0.127) |
| Constant |
-34.053*** |
-34.842*** |
-35.737*** |
-34.710*** |
-32.259*** |
-31.647*** |
-33.158*** |
-33.987*** |
|
(3.450) |
(3.503) |
(3.438) |
(3.518) |
(3.494) |
(3.574) |
(3.338) |
(3.446) |
| Observations |
113 |
113 |
113 |
113 |
113 |
113 |
113 |
113 |
| R-squared |
0.594 |
0.600 |
0.614 |
0.621 |
0.607 |
0.609 |
0.619 |
0.623 |
| F-ratio |
24.64 |
21.43 |
26.79 |
23.36 |
25.96 |
22.29 |
27.35 |
23.56 |
| P-value |
(0.000) |
(0.000) |
(0.000) |
(0.000) |
(0.000) |
(0.000) |
(0.000) |
(0.000) |